State Street Corp Sells 7,262 Shares of Northrop Grumman Corporation $NOC

State Street Corp decreased its position in Northrop Grumman Corporation (NYSE:NOC) by 0.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,208,361 shares of the aerospace company’s stock after selling 7,262 shares during the quarter. State Street Corp owned approximately 9.31% of Northrop Grumman worth $7,531,540,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Financial Life Planners bought a new stake in shares of Northrop Grumman in the 3rd quarter worth $27,000. Torren Management LLC bought a new stake in shares of Northrop Grumman in the 4th quarter worth $26,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Northrop Grumman in the 4th quarter worth $29,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Northrop Grumman in the 3rd quarter worth $32,000. Finally, Wexford Capital LP bought a new stake in shares of Northrop Grumman in the 3rd quarter worth $33,000. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Price Performance

NOC opened at $549.42 on Friday. The firm has a market cap of $78.03 billion, a P/E ratio of 17.20, a PEG ratio of 3.77 and a beta of -0.12. The firm has a 50-day moving average of $589.86 and a 200 day moving average of $630.38. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.04 and a current ratio of 1.15. Northrop Grumman Corporation has a fifty-two week low of $481.28 and a fifty-two week high of $774.00.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share for the quarter, beating the consensus estimate of $6.06 by $0.08. The company had revenue of $9.88 billion during the quarter, compared to analyst estimates of $9.75 billion. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.06 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, research analysts expect that Northrop Grumman Corporation will post 27.93 EPS for the current year.

Northrop Grumman Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st will be given a dividend of $2.47 per share. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.31. This represents a $9.88 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Monday, June 1st. Northrop Grumman’s dividend payout ratio (DPR) is 30.92%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on NOC shares. Wells Fargo & Company started coverage on shares of Northrop Grumman in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $800.00 target price for the company. UBS Group reduced their price target on shares of Northrop Grumman from $806.00 to $745.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Jefferies Financial Group reduced their price target on shares of Northrop Grumman from $660.00 to $620.00 and set a “buy” rating for the company in a research report on Tuesday, May 26th. BTIG Research restated a “buy” rating and set a $815.00 price target on shares of Northrop Grumman in a research report on Wednesday, April 22nd. Finally, Weiss Ratings lowered shares of Northrop Grumman from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $702.63.

Northrop Grumman Profile

Northrop Grumman Corporation (NYSE: NOC) is a leading U.S.-based aerospace and defense company that designs, builds and sustains advanced systems, products and technologies for government and commercial customers. Formed through the combination of Northrop and Grumman businesses in the 1990s, the company’s portfolio spans manned and unmanned aircraft, space systems, missile defense, radar and sensor systems, and integrated command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions.

The company’s work includes airframe and platform manufacturing, space hardware and satellite systems, advanced mission systems and cybersecurity services, as well as logistics, sustainment and modernization programs.